ABC Ltd have issued 220,000 ordinary shares at a price of 1.40 each. The shares have a nominal value of 95 pence each.

What is the journal to enter this share issue into the accounting records?

7Select one:

A.

DR Bank 30,800,000 / CR Share capital 20,900,000 / CR Share premium 990,000

B.

DR Share capital 308,000 / CR Share premium 308,000

C.

DR Bank 308,000 / CR Share capital 209,000 / CR Share premium 99,000

D.

DR Bank 308,000 / CR Share capital 308,000